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Gagandeep's 'Store ' had the ' following 'transactions 'during-December, 'the 'last month of the 'accounting 'period: ' Dec, 1 Sold merchandise on eredit for $6,000,

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Gagandeep's 'Store ' had the ' following 'transactions 'during-December, 'the 'last month of the 'accounting 'period: ' Dec, 1 Sold merchandise on eredit for $6,000, cost $4,000 terms 1/10,n/30. 3 Purchased merchandise for cash, $900.F - 4 Purchased merchandise on credit for $4,600, terms 2/10,n/30.9 - 5 Issued a credit memorandum for $500 'to a customer who returned merchandise purchased F November 29 , cost $300. - 11 Received payment for merchandise'sold-December 1.9 - 15 Received a credit memorandum for $500 for the return of faulty merchandisc purchased on -. December 4. - 18 - Paid freight charges of $100-for merchandise ordered-last month. - 23 Paid for the merchandise purchased-December 4 less merchandise returned. - 24 Sold merchandise on credit for $8,000, terms 1/10n/30,cost$6,500.5 - 31 Received payment for merchandise'sold on December 24. - Required: - Prepare general journal 'entries to to record these'transactions, 'using a periodic' inventory'system. =4

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